Nidec Corp. (OTCMKTS:NJDCY – Get Free Report) rose 18.2% during mid-day trading on Friday. The company traded as high as $4.16 and last traded at $4.16. 2,737 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 27,238 shares. The stock had previously closed at $3.52.
Nidec Trading Up 3.4%
The company has a market capitalization of $31.58 billion, a PE ratio of 12.73 and a beta of 1.33. The business’s 50-day simple moving average is $4.10 and its 200-day simple moving average is $3.94.
About Nidec
Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops and produces precision small motors, automotive motors, appliance and commercial motors, and industrial motors used in a broad range of equipment and applications.
Its products also include motor systems, reducers, fans, electronic and optical components, and machinery used in manufacturing. Nidec serves customers in sectors such as information technology, automotive, home appliances, office equipment, industrial automation, and renewable energy.
Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a precision small-motor business into a global manufacturing group with operations and customers across Asia, the Americas, Europe, and other international markets.
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